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Auctions to award 9.6GW of solar in Q3 2017 – GTM

Time:2017-07-19 Source: Hit:81

    More than 80GW of solar PV will be installed just in 2017, despite a slowdown in annual demand growth, according to the latest ‘Global Solar Demand Monitor Q2 2017’ from GTM Research.

   Back in April, GTM had predicted that global PV demand for 2017 could be as high as 85GW, but the firm has brought that upside figure down to 84.1GW in its new report.

Auctions

The analyst firm also reported that solar PV auctions are set to award 9.6GW of capacity in the third quarter of this year alone.

GTM is now tracking a 17.4GW pipeline of announced and confirmed solar auctions across the globe, of which a significant proportion (8.1GW) is coming from Europe. South Asia, led by India’s National Solar Mission, has the second highest proportion (5GW).

France, the Netherlands and Ireland are expected to drive Europe’s future demand.

The pipeline of auctions is expected to continue to expand as more countries take on the auction mechanism to dish out capacity while driving tariffs down and often simultaneously circumventing the need to offer subsidies. Already 48 nations have auction strategies with 27 other markets considering or planning such policies:


Ben Attia, GTM Research solar analyst and lead author of the report, said: “Mature solar markets including Germany, Japan and the United Kingdom have used competitive procurement as a market-capping mechanism to remedy subsidy budget deficits, market saturation, curtailment and grid-balancing issues and high costs.

“High-growth markets like India and Mexico have used the same mechanisms as a scale-up engine to centrally allocate projects on weaker grids, provide credit and off-taker guarantees or assurances, and create a low-cost, no-subsidy multi-gigawatt pipeline.”

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